Casey: Housing & Real Estate
The median Casey home is valued at $96,600 (estimated market value runs 18% higher at $113,799), with median rent $857 (about the same as Guthrie County median $845; 1.1× below Iowa median $972). Homeownership rate: 71.6%. That's 1.9× below the Guthrie County median ($180,100); 2.2× below the Iowa median ($208,000). Market is warm. Vacancy rate 3.6%. New construction makes up 0.6% of stock. A municipal building code is in effect.
- 1.7× annual income — home value vs. household income (vs Iowa 2.8×).
- 9.4 years to break even renting at the median (vs Iowa 16y).
- 4-BR rent is 1.9× a studio — rent gradient by unit size.
- Median rent 7% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $96,600 — 0.5× the Iowa median ($187,100). Median rent $857/month. homeownership rate 71.6% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 1.7× |
|---|---|
| Affordability · Home Affordability | affordable |
| Affordability · Rent Pct Income | 17.3% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 59.1% |
| Affordability · Poverty Rate | 27.6% |
| Affordability · Property Tax Pct Income | 2.4% |
| Fair Market Rent · Studio rent | $687 (vs Iowa $774) |
| Fair Market Rent · One-bedroom rent | $706 (vs Iowa $816) |
| Fair Market Rent · Two-bedroom rent | $926 (vs Iowa $1,071) |
| Fair Market Rent · Three-bedroom rent | $1,201 (vs Iowa $1,490) |
| Fair Market Rent · Four-bedroom rent | $1,285 (vs Iowa $1,797) |
| Fair Market Rent · HUD FMR area | Adair County, IA |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $113,799 |
| Median Home Value | $96,600 (vs Iowa $187,100) |
| Median Rent | $857 (vs Iowa $967) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 3.6% |
| Housing Market · New construction (% of stock) | 0.6% |
| Housing Market · Price Appreciation 2Yr | 7.3% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Iowa median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Iowa median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Iowa median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 8.1% (vs Iowa 73.1%) |
| Broadband · Broadband-capable premises | 259 |
| Electricity · Electricity rate (¢/kWh) | 13.40¢/kWh |
| Electricity · Customers | 1448818 |
| Electricity · Revenue Millions | $1,939 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Iowa median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Iowa median) |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · Refreshed 2026-04-12
Other
| Homeownership Rate | 71.6% (vs Iowa 67.5%) |
|---|---|
| Median Year Built | 1938 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12